Saving & Spending
San Teh revisited
By Level13  •  November 15, 2009
[caption id="attachment_2758" align="alignright" width="150" caption="Photo by eva101"]Photo by eva101[/caption] 1.5 years ago, I made a posting on San Teh: Now I feel its time to sit up and take notice of this sleepy stock again. For the last 6 months, it has been trading at $0.25 to $0.35 with low daily volume. San Teh is currently in a sweet spot to ride on China's construction and infrastructure boom. The catalysts for its share price appreciation are slowly appearing. Catalyst 1: Demand for cement remains strong due to the re-construction after the Sichuan earthquake and China's infrastructure stimulus spending. So far the cement prices around different regions in China have held up well. Catalyst 2: The government is continuing to eliminate backward production capacity. China is looking to eliminate 600 million tons of production capacity from old, outdated plants by 2012. Initially announced in 2007, the move will involve over 3000 local enterprises, China Cement reported. Read more...
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By Level13
Level13 is a 30 yr old guy who started investing about 4 years ago. He is a value investor who tries to buy a dollar note for eighty cents or less. Level13 Investor Creed "Do not believe in anything simply because you have heard it. Do not believe in anything simply because it is spoken and rumored by many. Do not believe in anything merely on the authority of people who are above you. Do not believe in anything simply because it is found written in books. But after observation & analysis, when you find that anything agrees with reason and is conducive to the good and benefit of one and all, then accept it."

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